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Nonprofiteer
← SAINT THOMAS HEALTH FOUNDATIONS

Form 990 for tax year 2022

Filed by SAINT THOMAS HEALTH FOUNDATIONS.

Totals

Total revenue
$5,337,306
Total expenses
$5,929,590
Contributions and grants received
$5,304,276
Grants paid
$4,308,458
Program service revenue
$0
Investment income
$247,483
Other revenue
-$214,453
Total assets, end of year
$85,887,265
Total liabilities, end of year
$619,656
Net assets or fund balances, end of year
$85,267,609
Program services expenses (Part IX)
$4,401,709
Management and general expenses
$497,134
Fundraising expenses
$1,030,747
Program service expenses (Part III)
$4,401,709

Program services were 74.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $423,981

  • 1d · Related organizations

    $2,660,607

  • 1e · Government grants (contributions)

    $218,946

  • 1f · All other contributions, gifts and grants

    $2,000,742

  • 1g · Noncash contributions included above

    $13,928

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,325,843 · unrelated business $40,827 · excluded $1,285,016

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $44,543,383

  • 7b · Less cost or other basis and sales expenses

    securities $45,621,743

  • 7c · Gain or loss

    securities -$1,078,360 · other assets $0

  • 7d · Net gain or loss

    total -$1,078,360 · excluded -$1,078,360

  • 8a · Fundraising events: gross income

    $87,350

  • 8a · Fundraising events: contributions included on line 1c

    $423,981

  • 8b · Fundraising events: direct expenses

    $301,803

  • 8c · Net income from fundraising events

    total -$214,453 · excluded -$214,453

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,258,847 · program services $4,258,847

  • 2 · Grants to domestic individuals

    total $49,611 · program services $49,611

  • 11f · Fees: investment management

    total $372,487 · management and general $372,487

  • 11g · Fees: other

    total $8,513 · program services $0 · management and general $0 · fundraising $8,513

  • 12 · Advertising and promotion

    total $20,153 · fundraising $20,153

  • 13 · Office expenses

    total $19,568 · program services $123 · management and general $18,397 · fundraising $1,048

  • 14 · Information technology

    total $93,323 · fundraising $93,323

  • 17 · Travel

    total $4,660 · fundraising $4,660

  • 19 · Conferences, conventions and meetings

    total $3,235 · fundraising $3,235

  • 20 · Interest

    total $199 · management and general $199

  • 24a · Other expenses: WAGE & BENEFIT ALLOCATION

    total $926,973 · program services $92,697 · management and general $46,349 · fundraising $787,927

  • 24b · Other expenses: FUNDRAISING ACTIVITIES

    total $102,741 · fundraising $102,741

  • 24c · Other expenses: STATE INCOME TAX EXPENSE

    total $38,212 · management and general $38,212

  • 24d · Other expenses: UBI TAX EXPENSE

    total $21,000 · management and general $21,000

  • 24e · All other expenses

    total $10,068 · program services $431 · management and general $490 · fundraising $9,147

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $2,682,832 · end of year $13,042,468

  • 3 · Pledges and grants receivable

    beginning of year $686,596 · end of year $998,022

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $450,000

  • 10a · Land, buildings and equipment: cost or other basis

    $5,016

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,016

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $24,889,257 · end of year $23,269,367

  • 12 · Investments: other securities

    beginning of year $49,561,563 · end of year $44,431,686

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $4,855,767 · end of year $3,695,722

  • 17 · Accounts payable and accrued expenses

    beginning of year $283,205 · end of year $610,156

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $7,519 · end of year $9,500

  • 27 · Net assets without donor restrictions

    beginning of year $42,301,938 · end of year $44,303,957

  • 28 · Net assets with donor restrictions

    beginning of year $40,083,353 · end of year $40,963,652

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Activities or mission (Part I)

TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR SAINT THOMAS HEALTH, SO THAT THEY MAY IMPROVE THE HEALTH AND WELL-BEING OF ALL THE PEOPLE IN THE COMMUNITIES THEY SERVE.

  • THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. DURING FY23 ASCENSION SAINT THOMAS FOUNDATION EMBARKED ON A PROJECT TO SUPPORT THE DEVELOPMENT OF A NEW, TECHNOLOGICALLY INTEGRATED ADVANCED LEARNING CENTER ON THE CAMPUS OF ASCENSION SAINT THOMAS WEST HOSPITAL. THE ADVANCED LEARNING CENTER WILL SERVE ALL OF OUR 9 AST HOSPITALS ACROSS MIDDLE TENNESSEE BY CREATING A CENTRALIZED HOME FOR NURSE TRAINING. THESE VITAL HEALTHCARE WORKERS ARE REQUIRED TO HAVE SOME ONSITE CLINICAL EXPERIENCES AS A PART OF THEIR EDUCATION. BUT RATHER THAN JUST FACILITATE CLINICAL ROTATIONS WITH VISITING STUDENTS, ASCENSION SAINT THOMAS SEES THE UNIQUE OPPORTUNITY TO CREATE AN EXTENSION OF THE COLLEGE EXPERIENCE ON OUR MEDICAL CAMPUS. UTILIZING EXISTING RAW SPACE IN THE BASEMENT/GROUND LEVEL OF SAINT THOMAS WEST, WE WILL CREATE CLASSROOMS, COMPUTER LABS, SIMULATION ROOMS, DE-BRIEFING ROOMS, AND COMMUNITY SPACE FOR THOSE SEEKING TO GAIN OR ADVANCE THEIR NURSING DEGREE. IN PART DUE TO EXPEDITED NURSING PROGRAMS AND DUE TO THE PANDEMIC, WE'VE RECOGNIZED MANY STUDENTS ARE DEFICIENT IN REAL-WORLD CLINICAL EXPERIENCE. THE CENTER ENSURES THAT STUDENTS HAVE RELEVANT TRAINING AND SIMULATION EXPOSURE TO PREPARE THEM TO PROVIDE THE VERY BEST CARE TO PATIENTS. THE CENTER WILL HAVE MULTIPLE SIMULATION MANIKINS WHICH PROMOTE CLINICAL SKILLS, COGNITIVE THINKING AND BEHAVIORAL COMMUNICATION IN A PROFESSIONAL HEALTHCARE SETTING. INTEGRATED TECHNOLOGY WILL ALLOW STUDENTS TO VIEW THINGS SUCH AS LIVE MEDICAL PROCEDURES BEAMED FROM AN ASCENSION OPERATING ROOM TO PROVIDE UNPARALLELED EXPOSURE TO THE ENVIRONMENT A NURSE WILL BE WORKING. THE CENTER WILL ALLOW US TO CONNECT WITH OUR LEARNERS LIKE NEVER BEFORE, GIVING THESE STUDENTS THE OPPORTUNITY TO CONNECT WITH OUR HEALTHCARE SYSTEM, ASSIMILATE WITH OUR STAFF AND TO GAIN VALUABLE EXPOSURE TO OUR MEDICAL LEADERS IN A DEEPER AND MORE ENRICHING WAY. TO BEST SERVE THE COMMUNITY AND THE INDIVIDUAL NEEDS OF STUDENTS IN OUR COMMUNITY, THE ADVANCED LEARNING CENTER STRIVES TO SERVE AT ALL LEVELS, FROM ENTRY LEVEL TO ADVANCED TRAINING TO SUPPORT ANYONE WHO WANTS TO FULFILL THEIR PERSONAL AMBITIONS OF WORKING IN THE HEALTHCARE ENVIRONMENT. THE ADVANCED LEARNING CENTER WILL SERVE THOSE WHO MAY BEGIN WITH INTRODUCTORY PATIENT CARE TECHNICIAN TRAINING ALL THE WAY TO ADVANCED PRACTICE NURSES. AS ASSOCIATES OF ASCENSION, THEY WILL ALSO BE ELIGIBLE FOR SCHOLARSHIPS MADE POSSIBLE THROUGH PHILANTHROPIC SUPPORT AND THE FOUNDATION. THE ADVANCED LEARNING CENTER IS AN INNOVATIVE APPROACH TO ATTRACT, RETAIN AND BUILD LASTING PROFESSIONAL RELATIONSHIPS WITH ENTRY LEVEL HEALTHCARE WORKERS, NEW NURSING GRADUATES AS WELL AS ADULT LEARNERS RETURNING TO SCHOOL TO SEEK ADVANCED EDUCATION. IN DOING SO, WE CREATE A PIPELINE OF QUALIFIED AND CAPABLE NURSES WHO HAVE BEEN EXPOSED TO THE CULTURE AND VALUE SYSTEM OF ASCENSION SAINT THOMAS. WE AIM TO BUILD A PIPELINE OF QUALIFIED NURSES WHO FEEL CALLED TO SERVE AND RELATE AND IDENTIFY WITH OUR FAITH-BASED MISSION AND CORE VALUES. THE CENTER WILL BECOME A PHYSICAL HOME TO THE EXISTING NETWORK OF EDUCATIONAL INSTITUTIONS WE WORK WITH AND ALLOW US TO EXPAND WITH A NEW FOUR-YEAR NURSING SCHOOL PROGRAM CURRENTLY BEING DEVELOPED WITH TREVECCA UNIVERSITY. TODAY, ASCENSION SAINT THOMAS HAS RELATIONSHIPS WITH MORE THAN A DOZEN SCHOOLS OF NURSING. MANY, SUCH AS LIPSCOMB, BELMONT, CUMBERLAND, TSU, AND MTSU UTILIZE OUR FACILITIES FOR REQUIRED CLINICAL ROTATIONS, GIVING THOSE STUDENTS AND INSTRUCTORS A DAY OR SERIES OF EXPOSURES WITH OUR WORKING NURSES. WE ALSO PARTNER WITH TECHNICAL SCHOOLS SUCH AS NASHVILLE STATE FOR PCTS (PATIENT CARE TECHNICIANS) AND CLINICAL SUPPORT POSITIONS WHICH GIVES AN OPPORTUNITY FOR ENTRY LEVEL INDIVIDUALS INTERESTED IN HEALTHCARE TO FIND A HOME AT SAINT THOMAS. FOR ALMOST A DECADE WE HAVE PARTNERED WITH MARION UNIVERSITY WHICH OFFERS A SECOND-DEGREE PROGRAM FOR ADULT LEARNERS ADVANCING THEIR EDUCATION. FINALLY, A NEW PARTNERSHIP WITH TREVECCA UNIVERSITY CURRENTLY UNDERWAY TO HELP LAUNCH THEIR FOUR-YEAR NURSING SCHOOL NEXT FALL IS CURRENTLY BEING PLANNED WHICH WOULD GIVE US EXCLUSIVE ACCESS TO THEIR STUDENTS NEEDING A CLINICAL HOME.

    Expenses $4,401,709 · Grants $4,308,458

As filed on the 2022 return.

Listed in Part VII

  • BETH NEWELL

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRANDON MICHAEL WILLIAMS

    DIRECTOR/CFO, MINISTRY MARKET (START 11/2022)

    Total calculated
    $694,183
    From this org
    $0
    From related orgs
    $646,348
    Other
    $47,835
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,223 related
    Bonus
    $0 + $200,750 related
    Other
    $0 + $45,375 related
    Deferred
    $0 + $16,775 related
    Nontaxable benefits
    $0 + $31,060 related
    Filer's total
    $0 + $694,183 related

  • BRYAN BELL

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS SMALL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LISA RENEE DAVIS

    DIRECTOR/CFO, MINISTRY MARKET (END 10/2022)

    Total calculated
    $813,309
    From this org
    $0
    From related orgs
    $777,196
    Other
    $36,113
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $458,494 related
    Bonus
    $0 + $264,000 related
    Other
    $0 + $54,702 related
    Deferred
    $0 + $19,825 related
    Nontaxable benefits
    $0 + $16,288 related
    Filer's total
    $0 + $813,309 related

  • SUSAN MOSLEY-HOWARD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY PAUL ADAMS

    PRESIDENT/CEO, MINISTRY MARKET EXECUTIVE (END 1/2023)

    Total calculated
    $1,835,692
    From this org
    $0
    From related orgs
    $1,780,272
    Other
    $55,420
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $742,579 related
    Bonus
    $0 + $900,000 related
    Other
    $0 + $137,693 related
    Deferred
    $0 + $16,775 related
    Nontaxable benefits
    $0 + $38,645 related
    Filer's total
    $0 + $1,835,692 related

  • ADELAIDE DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALLISON JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BROOKS PARKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRYANT TIRRILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROL TITUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARROLL CROSSLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN THOMPSON

    DIRECTOR

    Total calculated
    $267,296
    From this org
    $0
    From related orgs
    $236,796
    Other
    $30,500
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,990 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $1,806 related
    Deferred
    $0 + $12,289 related
    Nontaxable benefits
    $0 + $18,211 related
    Filer's total
    $0 + $267,296 related

  • FABIAN BEDNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HAROLD FOGELBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES H CLAYTON III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN POHLID

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SCHATZLEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MOLLY PETRONI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY ZORETIC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA KYGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • R PATRICK SHEPHERD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT BARBIERI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROSEMARY WALTERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT MERTIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STUART SPEARS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FAHAD TAHIR

    PRESIDENT/CEO, MINISTRY MARKET EXECUTIVE (START 1/2023)

    Total calculated
    $717,981
    From this org
    $0
    From related orgs
    $687,374
    Other
    $30,607
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $437,699 related
    Bonus
    $0 + $199,334 related
    Other
    $0 + $50,341 related
    Deferred
    $0 + $19,825 related
    Nontaxable benefits
    $0 + $10,782 related
    Filer's total
    $0 + $717,981 related

  • KAREN L SPRINGER

    FORMER OFFICER (END 12/2017)

    Total calculated
    $3,921,283
    From this org
    $0
    From related orgs
    $3,894,215
    Other
    $27,068
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $619,808 related
    Bonus
    $0 + $2,407,742 related
    Other
    $0 + $866,665 related
    Deferred
    $0 + $16,059 related
    Nontaxable benefits
    $0 + $11,009 related
    Filer's total
    $0 + $3,921,283 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
A RELATED ORGANIZATION OF THE FILING ORGANIZATION USES ONE OR MORE OF THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY, AND -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PLEASE REFER TO THE FORM 990, PART VI, LINE 15A DISCLOSURE IN SCHEDULE O FOR ADDITIONAL DETAILS ON HOW COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED.
Schedule J, Part I, Line 4a Severance or change-of-control payment
THE FOLLOWING INDIVIDUAL(S) RECEIVED SEVERANCE PAYMENTS FROM THE ORGANIZATION OR A RELATED ORGANIZATION DURING CALENDAR YEAR 2022: KAREN L SPRINGER - $581,539
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
ELIGIBLE EXECUTIVES PARTICIPATE IN A PROGRAM THAT PROVIDES FOR SUPPLEMENTAL RETIREMENT BENEFITS. THE PAYMENT OF BENEFITS UNDER THE PROGRAM, IF ANY, IS ENTIRELY DEPENDENT UPON THE FACTS AND CIRCUMSTANCES UNDER WHICH THE EXECUTIVE TERMINATES EMPLOYMENT WITH THE ORGANIZATION. BENEFITS UNDER THE PROGRAM ARE UNFUNDED AND NON-VESTED. DUE TO THE SUBSTANTIAL RISK OF FORFEITURE PROVISION, THERE IS NO GUARANTEE THAT THESE EXECUTIVES WILL EVER RECEIVE ANY BENEFIT UNDER THE PROGRAM. ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EXECUTIVE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. NO INDIVIDUALS RECEIVED CURRENT YEAR DISTRIBUTIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202401299349302545

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